Twesh Mishra

The Ministry of Heavy Industries this week held deliberations with stakeholders, including banks and fleet owners, on the proposal.

Hyderabad Metro is set to become profitable next year. Indian Railways Finance Corporation has provided a Rs 13,527 crore loan to refinance existing debt. This move is expected to reduce financing costs by 30-40%. Telangana state is also acquiring the metro project from L&T.

New Delhi: The government has received a dozen applications seeking incentives under the ₹24,736 crore Shipbuilding Financial Assistance Scheme for local manufacturing of specialised high-value vessels.

India is planning new incentives to boost local production of battery components. This move aims to reduce import dependence for electric vehicle batteries. Discussions are ongoing for tax support and outcome-linked programs. The government is focused on developing domestic supply chains for crucial materials like cathode and anode.

This initiative aims to reduce import dependence and forex outgo, with proposals expected within three months.

Indian Railways has renewed its push to deploy Atmospheric Water Generators (AWGs) in water-scarce areas, asking zones, production units and PSUs to identify locations where clean drinking water supply remains a challenge. AWGs generate potable water from moisture in the air and can be installed at railway stations, hospitals, staff colonies, offices, level crossings and other service areas.

Indian Railways is expanding the use of Atmospheric Water Generators. These systems create drinking water from air moisture. They will be installed at stations and staff colonies facing water shortages.

Rajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering a probe into the company's financial reporting. This follows a Securities and Exchange Board of India order flagging significant overstatement of revenues. The company's chairman stated no official communication has been received yet. The situation is developing rapidly.

Two major Indian public sector companies, BHEL and SAIL, face a one-year deadline to improve their financial performance. Failure to meet profit targets could see them demoted from Maharatna to Navratna status. This move signals a stricter approach to corporate governance and financial accountability for state-owned enterprises. The government is reviewing criteria for these prestigious statuses.

New Chinese regulations on mineral resources are causing worry for Indian businesses. Beijing is linking vital mineral supplies to its national security goals. This policy, effective June 15, formalizes China's strong control over critical mineral processing. Experts believe this could lead to supply disruptions and price hikes for Indian importers.